ASEAN: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in ASEAN

The ASEAN market for polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2022, shrinking by -5.9% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in ASEAN

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 37%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in ASEAN

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 4.2% to X tons for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2014 with an increase of 19%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded significantly to $X in 2022. In general, exports, however, faced a precipitous shrinkage. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) and Vietnam (X tons) dominates forms structure, together constituting 91% of total exports. It was distantly followed by Malaysia (X tons), mixing up a 6.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +3.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplying countries in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together accounting for 95% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of -1.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by 9.1% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-4.6%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in ASEAN

After two years of growth, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -5.4% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.8% against 2016 indices. The pace of growth was the most pronounced in 2016 when imports increased by 14%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell modestly to $X in 2022. In general, imports recorded a slight setback. The pace of growth was the most pronounced in 2013 when imports increased by 22%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms in 2022 were Vietnam (X tons) and Indonesia (X tons), together finishing at 98% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +14.2%).

In value terms, Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022.

Indonesia, with a CAGR of +6.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by 3.2% against the previous year. In general, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 9.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-6.1%).

Source: IndexBox Platform